Archive for August, 2009

Wall Street slips after China sell-off (Reuters)

Stocks declined on Monday, pressured as a sharp drop in Chinese equities led to weakness in the energy sector. The sell-off in China sparked a drop in the price of crude oil as it spurred concerns about future demand.

Job seekers are willing to take hefty pay cuts to find work (CNNMoney.com)

Finding work in this recession takes determination, perseverance and, most of all, sacrifice.

US stocks fall after sell-off in Asia (AP)

A sharp drop in Asian markets has set off a wave of selling in U.S. stocks. Major stock indicators fell about 1 percent in midday trading Monday after a 6.7 percent decline in China’s main index.

CDW Report: Energy Efficient IT Efforts Yield Significant Savings, Yet Millions are Still Wasted Each Year (Business Wire)

VERNON HILLS, Ill.—-CDW Corporation, a leading provider of technology products and services to business, government and education, today released its 2009 Energy Efficient IT Report, based on a July survey of 752 information technology professionals in the public and private sectors who purchase IT equipment.

Saudi inflation drops to 4.2 percent (AP)

Inflation in Saudi Arabia is expected to continue its slide after falling by more than half from its record high of 11 percent in July 2008, the head of the central bank in the Arab world’s largest economy said Monday.

Blueberry virus strikes Michigan research center (AP)

The bloom could be off Michigan’s $124 million per year blueberry industry after two destructive viruses infected bushes in three locations.

India’s economic growth accelerates to 6.1 percent (AP)

India’s economy picked up pace in the latest quarter as government spending helped to overcome the worst of the global downturn but drought threatens to stall the recovery.

Stock futures signal losses as commodities retreat (Reuters)

U.S. stock index futures pointed to a lower open on Wall Street on Monday for the last session of the month, with futures for the S&P 500 down 0.78 percent, Dow Jones futures down 0.77 percent and Nasdaq 100 futures down 0.87 percent at 0825 GMT .

Japan industrial production up 1.9 percent in July (AP)

Japan’s factory output rose for the fifth straight month in July and is expected to keep climbing — one of the few encouraging signs for a newly elected government charged with bolstering the world’s second largest economy.

Oil near $72 as stocks sink, recovery questioned (AP)

Oil prices fell to near $72 a barrel Monday in Asia as China’s stock market tumbled and commodities investors questioned whether the U.S. economy can recover strongly in the second half.